- asset bubbles
- securitization of credit
- excessive use of leverage
- corruption of the gatekeepers
- failure of regulation to keep up with financial innovation
- the belief that markets are perfectly self-regulating.
Tuesday, October 09, 2007
Deja vu
Robert Kuttner sees parallels between the risks that resulted in the 1929 Crash and the risks in our 21st century economy. Here's his list:
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1 comment:
I read that absolutely everyone in the 20's was dabbling in the stock market same as now.
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